Oracle Financial Services Software Limited has announced a significant business development through a regulatory disclosure filed on March 26, 2026. The company, along with Oracle Corporation (its ultimate holding company), has entered into a definitive agreement with an existing customer for a substantial software licensing transaction.

Transaction Overview

The proposed transaction involves a global bank headquartered in the USA as the customer. Under this agreement, Oracle Financial Services Software will license certain software products in perpetuity to the customer and provide transition services, personnel, and related aspects. This comprehensive deal will supersede the existing software license, professional services, and support agreements with the customer.

Key Terms and Conditions

The transaction is structured as a perpetual software licensing arrangement, meaning the customer will have ongoing rights to use the licensed software products. The deal includes several components:

• Software Licensing: Perpetual licensing of certain software products to the customer
• Transition Services: Provision of transition services for approximately 6 to 9 months post-closing
• Personnel Support: Related personnel and support aspects as part of the comprehensive agreement
• Service Integration: The new agreement will replace existing commercial arrangements between the parties

Financial Impact

The aggregate consideration for the proposed transaction is estimated at approximately USD 100 million, equivalent to approximately INR 940 crore subject to exchange rate fluctuations. This figure excludes the separate consideration for transition services, which will be provided at mutually agreed terms during the 6 to 9 month transition period following the deal's completion.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has confirmed that:

• The promoter/promoter group/group companies have no interest in the customer entity
• The transaction does not fall within related party transaction requirements
• The deal represents an arm's length commercial arrangement

Conditions and Timeline

The consummation of the proposed transaction remains subject to the fulfillment of certain conditions precedent on or before May 29, 2026. Some of these conditions may be outside the direct control of Oracle Financial Services Software. The company has committed to providing regular updates to the stock exchanges regarding the status of condition fulfillment and transaction completion.

This significant international deal demonstrates Oracle Financial Services Software's continued strength in securing major enterprise software licensing agreements with global banking institutions, representing a substantial addition to the company's revenue pipeline upon successful completion.

Oracle Financial Services Software Limited has completed the allotment of equity shares under its Employee Stock Option Plan (ESOP) to eligible employees. The ESOP Allotment Committee of the Board of Directors approved this allotment on March 18, 2026.

Share Allotment Details

The company allotted 5,929 equity shares with a face value of Rs. 5/- each to eligible employees who exercised their stock options under the OFSS Stock Plan 2014. These shares will rank pari passu with the existing equity shares of the company in all respects.

Impact on Share Capital

Following this allotment, the company's capital structure has been updated to reflect the increased share count.

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited and BSE Limited about this allotment through formal communication. The intimation regarding this share allotment will also be published on the company's official website to ensure transparency and compliance with regulatory requirements.

The allotment was specifically limited to eligible employees, with no shares being allotted to any directors of the company during this exercise. This ESOP allotment represents the company's continued commitment to employee participation in its equity growth.